how did the Philippines/Manila go from a relatively average state to a poor one?

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I was learning a bit about old Manila and it went from being called the pearl of the orient to becoming overpopulated and filled with slums. What happened? Was it just always like this or something?

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Anonymous 0 Comments

The thing is the Philippines has the capacity of earn a lot of money – just the remittances from overseas Filipino workers is staggering. We’re an archipelago so it is very strategic. We have so many islands so there is potential to develop tourism.

But we incurred so much debt, there is blatant corruption, and theft make it very hard to recover. We were really on our way up and then we started electing actors and actresses in government and it just went downhill.

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